← Adecoagro S.A.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Depreciation | $126.8m | $150.1m | $153.0m | $173.2m | $140.6m | $167.3m | $188.8m | $198.3m | $223.8m | $195.8m | |
| Amortization | $701k | $936k | $1.2m | $1.2m | $1.3m | $1.6m | $2.3m | $1.7m | $2.3m | $2.8m | |
| Depreciation of right of use assets | — | $0 | $0 | $45.2m | $40.8m | $49.2m | $63.3m | $74.1m | $77.9m | $72.9m | |
| Adjustments For Share-Based Payments | $4.8m | $5.6m | $4.7m | $4.7m | $4.3m | $6.4m | $10.2m | $8.6m | $6.7m | — | |
| (Insurance recovery) / impairment due to fire | — | — | — | — | — | — | — | $0 | $14.3m | ($4.4m) | |
| Equity settled share-based compensation granted | $4.8m | $5.6m | $4.7m | $4.7m | $4.3m | $6.4m | $10.2m | $8.6m | $6.7m | $11.9m | |
| Adjustments For Income Tax Expense | $9.4m | ($6.1m) | ($1.0m) | $20.8m | $12.3m | $43.8m | $26.8m | $78.7m | ($57.0m) | ($174k) | |
| Income tax expense / (benefit) | $9.4m | ($6.1m) | ($1.0m) | $20.8m | $12.3m | $43.8m | $26.8m | $78.7m | ($57.0m) | ($174k) | |
| (Gain) / loss from the disposal of other property items | $1.3m | $986k | $95k | $329k | ($2.2m) | $397k | ($3.7m) | ($4.7m) | $2.4m | ($4.3m) | |
| Interest, finance cost related to lease liabilities and other financial expense, net | $44.7m | $53.4m | $44.3m | $62.7m | $47.7m | $75.6m | $83.1m | $16.4m | $68.3m | $89.8m | |
| Additional Financial Items | |||||||||||
| Adjustments For Decrease Increase In Trade Account Receivable | ($31.0m) | ($9.5m) | ($65.9m) | ($17.7m) | ($55.2m) | ($40.4m) | ($60.8m) | $3.7m | ($68.3m) | ($57.2m) | |
| Adjustments For Finance Costs | $44.7m | $53.4m | $44.3m | $62.7m | $47.7m | $75.6m | $83.1m | $16.4m | $68.3m | — | |
| Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates | $1.3m | $986k | $95k | $329k | ($554k) | $10k | $0 | ($4.7m) | $2.4m | ($4.3m) | |
| Adjustments For Increase Decrease In Trade Account Payable | $39.1m | $6.6m | $31.1m | $13.1m | $828k | ($1.5m) | ($64.5m) | ($43.9m) | ($100.3m) | ($57.2m) | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | $19.1m | $38.7m | $183.2m | $108.5m | $109.3m | ($18.9m) | ($19.3m) | ($90.9m) | $37.6m | ($5.8m) | |
| General And Administrative Expense | $50.8m | $57.3m | $56.1m | $57.2m | $53.4m | $69.8m | $84.3m | $70.3m | $103.9m | — | |
| Goodwill | $13.4m | $12.4m | — | — | — | — | — | — | — | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $49.1m | $40.3m | $62.3m | $91.2m | $104.1m | $98.5m | — | |
| Payments To Acquire Or Redeem Entitys Shares | $4.8m | $38.4m | $15.7m | $4.3m | $4.4m | $66.5m | $36.8m | $26.2m | $66.9m | — | |
| Proceeds From Issuing Shares | $380k | $39k | $0 | $0 | — | — | — | — | — | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | $1.2m | $2.1m | $3.3m | $8.6m | $1.1m | $1.9m | $3.4m | $1.3m | $1.2m | — | |
| (Loss) / profit for the year | $3.7m | $11.7m | ($23.2m) | $342k | $1.1m | $130.7m | $108.6m | $226.7m | $92.1m | ($6.8m) | |
| Gain from the sale of farmland and other assets | $0 | $0 | ($36.2m) | ($1.4m) | ($2.1m) | $0 | $0 | ($6.3m) | ($6.0m) | $0 | |
| Net (gain) / loss from the fair value adjustment of Investment properties | ($9.8m) | ($14.6m) | ($13.4m) | $325k | ($1.1m) | $4.3m | $3.0m | ($10.6m) | $23.4m | ($3.3m) | |
| (Gain) from derivative financial instruments and forwards | $21.7m | ($38.7m) | ($51.5m) | ($469k) | $10.1m | $17.3m | $13.7m | ($8.6m) | ($1.2m) | ($2.9m) | |
| Initial recognition and changes in fair value of non-harvested biological assets (unrealized) | ($9.8m) | ($14.6m) | $30.3m | ($1.7m) | ($33.0m) | ($11.3m) | ($44.9m) | $17.7m | $18.3m | ($13.4m) | |
| Changes in net realizable value of agricultural produce after harvest (unrealized) | $90k | ($2.4m) | $647k | $481k | $481k | $4.0m | ($72k) | ($2.6m) | $7.3m | ($876k) | |
| Provision and allowances | $341k | $825k | $2.1m | $2.8m | $1.9m | $1.1m | $999k | $654k | ($1.8m) | $3.8m | |
| Tax credits recognized | — | — | — | — | — | — | $0 | $0 | ($19.5m) | ($6.1m) | |
| Net loss / (gain) of inflation effects on the monetary items | $0 | $0 | ($81.9m) | ($92.4m) | ($12.1m) | ($11.5m) | $2.1m | ($28.8m) | ($2.4m) | $9.2m | |
| Foreign exchange (gain) / losses, net | $19.1m | $38.7m | $183.2m | $108.5m | $109.3m | ($18.9m) | ($19.3m) | ($90.9m) | $37.6m | ($5.8m) | |
| Cash flow hedge – transfer from equity | $85.2m | $20.8m | $26.7m | $15.6m | $24.4m | $52.6m | $40.2m | $36.9m | $28.6m | $0 | |
| Subtotal | $308.1m | $221.3m | $239.1m | $340.0m | $344.4m | $512.7m | $465.0m | $507.0m | $515.1m | $338.1m | |
| (Increase) / decrease in trade and other receivables | ($31.0m) | ($9.5m) | ($65.9m) | ($17.7m) | ($55.2m) | ($40.4m) | ($60.8m) | $3.7m | ($68.3m) | ($57.2m) | |
| Decrease / (increase) in inventories | ($22.3m) | ($4.1m) | ($41.5m) | $10.0m | ($30.2m) | ($102.8m) | $45.4m | ($12.4m) | $3.1m | $43.6m | |
| Increase in biological assets | ($23.7m) | ($18.0m) | $3.0m | ($27.0m) | ($10.3m) | $7.6m | ($3.7m) | ($23.4m) | ($38.9m) | ($17.8m) | |
| Decrease / (increase) in other assets | $83k | $2k | ($777k) | ($210k) | ($35k) | ($303k) | ($1.1m) | ($37k) | ($2.1m) | $240k | |
| Decrease / (increase) in derivative financial instruments | ($17.9m) | $40.9m | $50.0m | $4.0m | $5.2m | ($29.3m) | ($9.7m) | ($11.2m) | $21.8m | $3.8m | |
| Decrease in trade and other payables | $39.1m | $6.6m | $31.1m | $13.1m | $828k | ($1.5m) | ($64.5m) | ($43.9m) | ($100.3m) | ($3.1m) | |
| Increase in payroll and social security liabilities | $3.1m | $2.0m | $5.9m | $2.6m | $4.1m | $4.9m | $7.7m | $15.7m | $4.1m | $2.1m | |
| Increase in provisions for other liabilities | $1.2m | $855k | ($430k) | ($351k) | $380k | $74k | ($290k) | $803k | $1.1m | $1.1m | |
| Purchase of cattle and non-current biological assets | ($1.7m) | ($1.7m) | ($5.7m) | ($5.0m) | ($7.3m) | ($11.8m) | ($9.1m) | ($511k) | ($1.9m) | ($139k) | |
| Purchases of intangible assets | ($1.2m) | ($2.1m) | ($3.3m) | ($8.6m) | ($1.1m) | ($1.9m) | ($3.4m) | ($1.3m) | ($1.2m) | ($2.0m) | |
| Interest received and others | $7.7m | $11.2m | $7.9m | $8.1m | $25.4m | $16.7m | $5.2m | $62.1m | $7.8m | $28.8m | |
| Proceeds from disposal of other property items | $2.2m | $2.8m | $1.7m | $2.7m | $3.5m | $2.9m | $2.8m | $4.1m | $2.3m | $4.7m | |
| Proceeds from the sale of farmland and other assets | $0 | $0 | $31.5m | $5.8m | $16.0m | $8.1m | $9.9m | $33.2m | $23.3m | $3.3m | |
| Acquisition of short-term investment | — | — | — | — | $0 | $0 | ($98.0m) | ($106.9m) | ($47.9m) | ($313.0m) | |
| Disposals of short-term investment | — | — | — | — | — | $0 | $0 | $142.5m | $62.4m | $295.6m | |
| Proceeds from issuance of shares net of transaction costs | — | — | — | — | — | — | — | $0 | $0 | $303.7m | |
| Proceeds from long-term borrowings | $167.4m | $232.4m | $45.5m | $108.3m | $116.0m | $31.0m | $41.1m | $7.7m | $126.8m | $870.6m | |
| Payments of long-term borrowings | ($277.9m) | ($602.7m) | ($124.3m) | ($101.8m) | ($34.8m) | ($108.4m) | ($14.0m) | ($24.1m) | ($105.7m) | ($213.9m) | |
| Proceeds from short-term borrowings | $257.4m | $106.7m | $318.1m | $194.0m | $207.2m | $286.1m | $347.9m | $448.5m | $169.9m | $279.9m | |
| Payments of short-term borrowings | ($272.0m) | ($64.8m) | ($190.6m) | ($127.9m) | ($233.5m) | ($328.5m) | ($192.6m) | ($420.3m) | ($239.9m) | ($256.3m) | |
| Proceeds from exercise of employee share options | — | — | — | — | $0 | $0 | $2.1m | $214k | $99k | $45k | |
| (Payments) / collections of derivatives financial instruments | — | — | ($2.6m) | $1.5m | ($1.7m) | $2.4m | $118k | ($32k) | $669k | ($226k) | |
| Lease payments | — | $0 | $0 | ($49.1m) | ($40.3m) | ($62.3m) | ($91.2m) | ($104.1m) | ($98.5m) | ($103.9m) | |
| Purchase of own shares | ($4.8m) | ($38.4m) | ($15.7m) | ($4.3m) | ($4.4m) | ($66.5m) | ($36.8m) | ($26.2m) | ($66.9m) | ($10.2m) | |
| Profit or Loss | $3.7m | $11.7m | ($23.2m) | $342k | $1.1m | $130.7m | $108.6m | $226.7m | $92.1m | — | |
| Cash flows from investing activities: | |||||||||||
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $0 | $0 | $31.5m | $5.8m | $16.0m | $8.1m | $9.9m | $33.2m | $23.3m | — | |
| Purchases of property, plant and equipment | ($132.4m) | ($198.6m) | ($207.1m) | ($252.4m) | ($168.5m) | ($199.3m) | ($217.8m) | ($241.6m) | ($260.2m) | ($264.1m) | |
| Cash flows from financing activities: | |||||||||||
| Dividends paid | — | $3 | $0 | $0 | $2 | $0 | — | $35 | $35 | — | |
| Dividends paid to shareholders | — | — | — | — | $0 | $0 | ($35.0m) | ($35.0m) | ($35.0m) | ($35.0m) | |
| Effect of exchange rate changes and inflation on cash and cash equivalents | $8.0m | ($8.3m) | ($18.3m) | ($18.9m) | ($35.3m) | ($6.8m) | ($16.3m) | ($5.5m) | $48.7m | $558k | |
| Net (decrease) / increase in cash and cash equivalents | ($48.3m) | $119.0m | $22.7m | $35.5m | $81.3m | ($129.7m) | $47.2m | $114.6m | ($177.2m) | $171.3m | |
| Acquisition of subsidiaries net of cash and cash equivalents acquired | — | $0 | $0 | $683k | $0 | $0 | $1.1m | ($3.2m) | ($16.2m) | ($676.0m) | |
| Cash and cash equivalents at beginning of year | $158.6m | $269.2m | $273.6m | $290.3m | $336.3m | $199.8m | $230.7m | $339.8m | $211.2m | $383.1m | |
| Interest Paid Classified As Financing Activities | $48.4m | $41.6m | $50.0m | $57.7m | $60.0m | $53.6m | $44.8m | $55.5m | $24.6m | ($95k) | |
| Income Taxes Paid Refund Classified As Operating Activities | $1.1m | $2.9m | $1.9m | $2.3m | $2.1m | $2.2m | $8.1m | $1.3m | $7.3m | ($2.4m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.